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Private banks step up hiring; top-five add over 15,000 staff

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Jun 17, 2013, 1:18:03 PM6/17/13
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PRIVATE BANKS STEP UP HIRING; TOP-FIVE ADD OVER 15,000 STAFF

Monday, June 17, 2013

Leading private sector lenders are in top gear when it
comes to expanding their headcount and just five of them,
including ICICI Bank and HDFC Bank, added more than
15,000 employees to their payrolls in the last fiscal.

The expanded workforce also seems to be giving them rich
dividends in terms of improvements in their employee
productivity, shows an analysis of the annual staff
details of ICICI Bank, HDFC Bank, Axis Bank, Yes Bank and
Kotak Mahindra Bank. At the same time, the full-year
staff costs also rose for all the five banks. Together,
the five banks saw their cumulative headcount rise by
15,823 persons in the latest fiscal, ended March 31,
2013, to close to two lakh employees.

Continues at:

http://www.dailypioneer.com/business/private-banks-step-up-hiring-top-five-add-over-15000-staff.html

Jai Maharaj, Jyotishi
Om Shanti

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Jun 18, 2013, 12:56:26 PM6/18/13
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> Private banks step up hiring; top-five add over 15,000 staff
..... This is good news. However the credit should really go to their many (new?) customers who are bringing in that additional money to pay the wages/salaries, and more, of all those rehired and/or new employees.

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